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Listed by:All Real Estate Solution • Dan Dodge

$399,950

Est. payment - /mo

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2.62 Acres Lot

Active

7727 146th ST SW Lakewood, WA 98439

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision American Lake

MLS Listing ID 2479359

Style 42 - Multi-Family

Annual Tax Amount $1,680

Lot Size 2.620 Acres

Lot Dimensions 47.85.42.649.150.734

Property Sub-Type Land

Property Description

2.62-acre apartment site in low property tax Lakewood plus low vacancy rates and a reduced listing price for extra cash flow. Should qualify for the Multi-Family Tax Exemption for added savings and profit. Building area is in the front 1/3 of property (wetlands beyond). MF1 zoning. Best guess is approximately 20 units. Price reduced plus super owner contract at 3% first year, 4% second year, 5% third year, and 6% for remainder of term (like a 3-2-1 buydown). Seller will negotiate price for a cash out offer. Excellent location for apartment construction with Amazon directly across the street and other major employers in the immediate area. Great access to JBLM and the I-5 Freeway with just a quick commute north to Tacoma or south to Olympia. Property is located between 7817 and 7717 146th Street SW. Price reduced $200,000 for quick sale.

Location

State WA

County Pierce

Area 41 - Lakewood/Tillicum

Interior

Fireplace false

Exterior

Utilities Available Electricity Available

View Y/N Yes

View Territorial

Building

Lot Description Curbs, Paved, Sidewalk

Sewer In Street

Water Available

Schools

Elementary Schools Tillicum Elem

Middle Schools Woodbrook Mid

High Schools Clover Park High

School District Clover Park

Others

Senior Community No

Acceptable Financing Cash, Conventional, Owner Will Carry, See Remarks

Listing Terms Cash, Conventional, Owner Will Carry, See Remarks

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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